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January 28, 2003 Tuesday Ziqa’ad 24, 1423 Gold at 6-year high; dollar tumbles LONDON, Jan 27: Gold leapt to its highest level in six years on Monday as war jitters, a fragile dollar and falling stock markets stoked interest in the safe-haven metal.... Govt gears up efforts to defend case: Bedlinen dumping in EU KARACHI, Jan 27: The Export Promotion Bureau (EPB) has constituted three different committees to evolve a collective strategy to counter the claims of the representative body of European textile industry, Eurocoton,... 92 companies results in next four days KARACHI, Jan 27: It’s the reporting season. And meetings of Board of directors (BOD) of as many as 92 companies are scheduled to be held in the remaining four days of... 3 textile TFCs this week KARACHI, Jan 27: Three term finance certificates of a textile group will be launched for public subscription this week. The TFCs will be listed on Lahore Stock Exchange.... ‘CBR agrees to allow refund up to June 30’ FAISALABAD, Jan 27: Central Board of Revenue (CBR) has agreed to further amend the SRO 575(1) 2002 allowing refund claims of commercial exporters for exports up to June 30, 2003 under... Oil prices slide LONDON, Jan 27: Oil prices fell on Monday on signs that a war in Iraq might be further away than previously thought, after a key report from UN arms experts appeared... Shell okays Rs9.50 per share dividend KARACHI, Jan 27: The Board of Directors of Shell Pakistan Limited (SPL) has approved the payment of an interim dividend at Rs9.50 per share for the year ending June 2003.... Humayun for boosting regional trade LAHORE, Jan 27: Commerce Minister Humayun Akhtar Khan on Monday expressed his concern over Pakistan’s very low volume of trade with the regional countries, saying the regional trade needed to be... Gas pipeline KARACHI, Jan 27: The 21-km long interlink gas pipeline project would be completed and commissioned by the end of May 2003, says an announcement of the Sui Southern Gas Pipeline Limited... Index recovers 137 points on sharp cut in COT rates KARACHI, Jan 27: The KSE 100-share index on Monday recovered 137 points or five percent followed by heavy institutional buying in an oversold market after the amicable settlement of outstanding carryover... Oil prices stay volatile despite Opec pledge RIYADH, Jan 27: Oil prices have stayed volatile for the last few weeks. They have soared despite OPEC’s pledge to boost oil output by 1.5 million barrels per day. It has... Karachi Port operations KARACHI, Jan 27: Seven ships carrying containers, general cargo, chemicals and to load molasses are due to arrive at the outer anchorage on Tuesday, according to KPT sources.... Port Qasim KARACHI, Jan 27: Three ships carrying chemicals, coal and diesel oil were allotted berths at Engro Vopak, Multipurpose and Fotco Terminals during the last 24 hours, says a PQA press release.... Prices ease on cotton market KARACHI, Jan 27: Trading on the cotton market on Monday resumed on a firm note as both the ginners and the spinners indulged in alternate bouts of buying and selling within... Rating upgraded LAHORE, Jan 27: The Pakistan Credit Rating Agency (Pacra) has upgraded the long-term rating of Jahangir Siddiqui Investment Bank Limited to “A” (single A), and the short-term rating to “A1” (single... Car sales LAHORE, Jan 27: The automobile assemblers should use their existing “base” in this country to explore the regional markets in order to increase their sales as well as to achieve the... SPI shows increase of 0.13 per cent ISLAMABAD, Jan 27: Sensitive Price Indicator (SPI) went up by 0.13 per cent during the week ending January 23, 2003, over the preceding week, according to the weekly price data released... Malaysian palm oil prices higher KUALA LUMPUR, Jan 27: Malaysian palm oil futures ticked higher at the close on Monday, but trading remained range-bound as traders shrugged off January 1-25 export data and awaited fresh leads.... Project financing SINGAPORE, Jan 27: Project financing in Asia for 2002 totalled $16.6 billion, surpassing the previous year’s $11 billion, a report said on Monday.... World stock markets fall NEW YORK, Jan 27: The much-anticipated report on Iraq’s arsenal by UN weapons inspectors did little on Monday to dispel the fear of war in world financial markets, which reacted by...

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